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At Arthur J. Gallagher & Co., we try to learn everything we can about the industries we serve and the risks they may encounter. It’s a commitment that’s embedded in our corporate culture to expanding our expertise, continuing educational development and gathering topical updates to remain ahead of the curve.

Standard liability and property insurance policies have excluded coverage for claims associated with pollution events since 1985, leaving significant coverage gaps in insurance programs throughout the U.S.

Environmental liability exposures have concerned companies in the U.S. for over 30 years. Since the passage of CERCLA (Superfund) in 1980, companies that purchase or merge with other companies are exposed to liabilities for contamination that they caused (and in some cases, could have caused) either at their owned or operated locations or at locations to which their waste was sent.

Standard liability and property insurance policies have excluded coverage for claims associated with pollution events since 1985, leaving significant coverage gaps in insurance programs throughout the U.S. Although there has been a market for pollution liability insurance since 1979, until recently, coverage was very narrow, limits were low and premiums were often not cost effective.

The market for pollution liability insurance has dramatically changed over the years. Environmental liability coverage has greatly broadened, limits have increased and premiums are significantly lower. This discussion is provided for developers, owners and investors of commercial real estate to overview how environmental liability insurance can be used to manage financial risks associated with environmental liabilities. Today, more and more commercial real estate entities are purchasing environmental liability coverage.

If your building smells musty, it could already be too late. Vapor intrusion and mold contamination are hot topics in today’s indoor air quality discussions. If you own or plan to sell a commercial building, you could incur substantial liability if your stuffy rooms aren’t properly cleansed.

Download the Arthur J. Gallagher & Co. Infographic for a clear, concise overview of Gallagher’s capabilities and strengths in the marketplace, from the perspectives of both Benefits & HR Consulting and Commercial Insurance & Risk Management.

Lawsuits are becoming commonplace these days, and environmental lawyers are not immune to malpractice liabilities. It’s important to remember that you have to identify your risks in any profession and have a plan if potential issues arise.